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Finance

Shinhan Financial Group Co., Ltd.

Company Background

Shinhan Financial Group is a South Korean financial holding company engaged in the management of subsidiaries, including commercial banking unit Shinhan Bank, regional bank Jeju Bank, credit card company Shinhan Card, securities unit Shinhan Investment and Shinhan Life Insurance. Shinhan Financial, one of the country's four biggest financial groups, has a capital and business tie-up with French bank BNP Paribas, a major shareholder of the Korean group.

Shinhan Bank was founded in 1982 with capital from Korean residents in Japan. In 2001, it formed a holding company, Shinhan Financial Group. The group has expanded by acquiring Chohung Bank; LG Card, the predecessor of Shinhan Card; and other financial entities. It now has total assets of over 300 trillion won on a consolidated basis.

In 2001, Shinhan Financial signed a comprehensive partnership agreement with BNP Paribas, under which the two companies set up a joint venture on asset management in South Korea. The group is also strengthening its overseas presence, bolstering its operating bases in Japan, the U.S. and European countries as well as in China, Vietnam and Kazakhstan -- regions in which South Korean companies are operating.

Shinhan Financial has had the largest market capitalization among South Korean financial holding companies for many years and has a reputation as a financially healthy company with solid growth potential. Although South Korea's banking industry is often affected by government policy, it is widely believed that the group's management remains relatively immune from such influence.

Business Summary

Shinhan Financial Group Co., Ltd. engages in the provision of management and financial support services to its subsidiaries. The company was founded on September 1, 2001 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue27,891.54B23,916.92M
Gross Profit----
Operating income5,086.52B4,361.68M
Income before tax4,858.22B4,165.91M
Net income3,341.50B2,865.33M
EBITDA----
Diluted EPS----
Dividends Per Share1,8501.58
Total Assets552,419.58B477,685.67M
Total liabilities512,220.43B442,924.85M
Total equity37,446.71B32,380.74M
Operating cash flow10,887.33B9,335.86M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 20,947.80B 21,501.18B 21,861.75B 21,630.89B 27,891.54B
Gross Profit -- -- -- -- --
Operating income 3,583.28B 3,556.74B 4,045.25B 4,529.45B 5,086.52B
Income before tax 3,119.60B 3,160.47B 3,797.60B 4,466.61B 4,858.22B
Net income 2,332.68B 2,738.68B 2,901.13B 3,116.36B 3,341.50B
EBITDA -- -- -- -- --
Diluted EPS -- -- -- -- --
Dividends Per Share 1,200 1,450 1,450 1,600 1,850
Total Assets 370,539.62B 395,680.32B 426,307.00B 459,600.51B 552,419.58B
Total liabilities 339,466.88B 364,433.66B 393,027.31B 424,480.83B 512,220.43B
Total equity 30,102.75B 30,611.38B 32,396.30B 34,193.86B 37,446.71B
Operating cash flow 4,969.69B -873,701M 10,976.67B 1,366.82B 10,887.33B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 18,508.33M 18,532.47M 19,337.95M 19,655.19M 23,916.92M
Gross Profit -- -- -- -- --
Operating income 3,165.99M 3,065.65M 3,578.25M 4,115.74M 4,361.68M
Income before tax 2,756.31M 2,724.10M 3,359.19M 4,058.64M 4,165.91M
Net income 2,061.03M 2,360.55M 2,566.21M 2,831.72M 2,865.33M
EBITDA -- -- -- -- --
Diluted EPS -- -- -- -- --
Dividends Per Share 1.06 1.24 1.28 1.45 1.58
Total Assets 316,011.77M 327,604.15M 398,213.05M 411,902.22M 477,685.67M
Total liabilities 289,511.63M 301,733.42M 367,126.51M 380,427.34M 442,924.85M
Total equity 25,672.89M 25,344.74M 30,261.35M 30,645.15M 32,380.74M
Operating cash flow 4,390.95M -753.06M 9,709.48M 1,241.98M 9,335.86M

Valuation Measures

Dec 2019
PER6.19
ROA0.66%
ROE9.32%
Operating margin18.23%
Profit margin11.98%

Key executives

  • Chairman & Chief Executive Officer: Yong-Byoung Cho
  • Chief Operating Officer & Deputy President: Een-Kyoon Lee
  • Chief Financial Officer: Yong-hoon Roh
  • Managing Director & Chief Compliance Officer: Ho-Min Wang
  • Director & Vice President: Ok-Dong Jin

Shareholders

  • National Pension Service of Korea (9.7%)
  • Shinhan Financial Group Co., Ltd. ESOA (5.0%)
  • BNP Paribas SA (3.4%)
  • The Vanguard Group, Inc. (2.6%)
  • Government of Singapore (2.4%)
  • BlackRock Fund Advisors (2.1%)
  • Norges Bank Investment Management (1.8%)
  • Fidelity Management & Research Co. LLC (1.6%)
  • Samsung Asset Management Co., Ltd. (1.5%)
  • Lazard Asset Management LLC (1.2%)

Contact Details

Related Companies

  • Synergy-Shinhan Mezzanine New Technology Investment Fund
  • Shinhan Card 2019-2 Asset Securitisation Specialty Co., Ltd.
  • Shinhan Financial Group (Private Equity)
  • Shinhan Card 2019-1 Asset Securitisation Specialty Co., Ltd.
  • Shinhan REITs Management Co. Ltd.
  • Shinhan Serveone 1 Co., Ltd.
  • Shinhan Future's Lab Co. Ltd.
  • Shinhan Card 2017-3 Asset Securitisation Specialty Co Ltd.
  • Shinhan Bank Co. Ltd. (Sydney Branch)
  • Banco Shinhan de Mexico SA
  • Shinhan Bank Co. Ltd. (United Arab Emirates)
  • Shinhan Bank Kazakhstan JSC
  • Shinhan Bank India
  • Shinhan Bank Canada
  • Shinhan Bank (China) Ltd.
  • Shinhan Mortgage First International Ltd.
  • Shinhan Mortgage Second International Ltd.
  • Shinhan Savings Bank
  • Shinhan Bank Europe GmbH
  • Shinhan Financial Investment Co., Ltd.
  • Asia Trust Co., Ltd.
  • Samsung Shinhan Frontier 8th Asset Securitization Specialty Co
  • Work & Joy 2007-1 ABS Specialty Co. Ltd.
  • Work & Joy 2004-1 ABS Specialty Co., Ltd.
  • Shinhan Mortgate 2st Securitization Specialty LLC
  • Shinhan Mortgage 1st Securitization Specialty LLC
  • Shinhan Card 2008 Trust
  • Shinhan 8th Securitization Specialty LLC
  • Neo DWC ABS Specialty Co., Ltd.
  • Neo DWC 3rd ABS Specialty

Competitors

  • Citigroup Inc.
  • Industrial Bank Of Korea
  • Standard Chartered PLC
  • Kakao Corp.
  • NAVER Corp.
  • Samsung Electronics Co., Ltd.
  • INITECH Co., Ltd
Last Updated on 14 Jul, 2020

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